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ENGINEMAKER CUMMINS AND TRANSMISSION specialist Eaton have created a joint-venture partnership to develop automated manual transmissions together, globally.
e deal, which builds on a long-established and close association between the two on commercial vehicle powertrains, sees each company own 50% of the JV – with Eaton also receiving $US600million in cash from Cummins for its interest.
e new Eaton-Cummins Automated Manual Transmission Technologies will see them jointly design, develop, manufacture and service a global portfolio of AMTs for medium-duty and heavy-duty commercial vehicles.
e deal includes a new, heavy-duty AMT already slated for introduction later this year, plus future AMT products designed for commercial vehicle markets worldwide.
Both Cummins and Eaton dealers worldwide will support the new company’s AMT products.
“Customers are focused on powertrain solutions that provide the best combination of technology, performance and quality,” says Craig Arnold, Eaton chairman and CEO: “Our joint venture with Cummins will leverage the technical strengths and experience of two industry leaders with long histories and deep industry expertise to provide superior automated transmission technology for our global customers.”
e global JV, a joint statement says, will provide customers with “industryleading transmission technologies and solutions that deliver best-in-class fuel e ciency, performance and uptime, while leveraging both Cummins’ and Eaton’s global service and support networks.”
In North America only, Eaton’s current range of AMTs will also be part of the JV’s business. But Eaton’s Vehicle Group will retain its currentgeneration medium-duty and heavy-duty AMT business outside North America – except for the current medium-duty Procision AMT, according to the statement.
Eaton will also keep its global manual transmission, clutch, aftermarket and automotive business; its light-duty and agricultural transmission businesses…and their associated product lines.
Eaton’s Vehicle Group president Ken Davis says that the new JV company will develop both proprietary AMTs that are vertically integrated with Cummins diesel engines, and standalone AMTs for OEMs….including customers speccing non-Cummins engines.
e companies expect that the JV will complete regulatory approvals and be nalised in the third quarter of this year.
Cummins High Horsepower Engine Group vice president Ed Pence says the JV “brings together two strong companies that have worked together for decades, have similar values and have a shared commitment to their customers’ success.
“is announcement today is a historic milestone in Cummins’ e orts to become a global powertrain solutions provider by supplying our customers the best-performing commercial vehicles possible – whether that is with our own engines, or supporting proprietary OEM diesel engines.”
Pence adds that the JV is wholly in keeping with Cummins’ historical product o erings, and will complement those existing product lines as well. Taking into account Cummins’ history – its engines, turbochargers, emissions and air-handling solutions, and its ltration and fuel systems – it sees the JV tting “very well into that existing product portfolio.”
It will, he adds, “give our global OEM partners even more choices to help them develop the best-performing commercial vehicles they can, using the speci cations of their choosing.”
Cummins chairman and CEO Tom Linebarger adds: “Our growth strategy includes expanding our product o erings and extending our global footprint by becoming the world’s leading powertrain supplier. Our JV with Eaton will deliver the most advanced automated transmissions and develop an integrated powertrain and service network that supports our customers like never before.
“Just as we’ve done for the past 100 years, we will use our experience in partnerships and technological expertise to ensure our customers’ success.”
Eaton and Cummins have collaborated closely for many years – as with this SmartAdvantage integrated powertrain, introduced in the US in 2013, matching a Cummins ISX15 with a 10-speed Eaton Fuller Advantage AMT